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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CANADA DATA
- The S&P Global Canada services PMI ticked up just two tenths to 47.3 in July, making no notable progress in clawing back a drop from 51.1 in May as it holds close to the 47.1 averaged since 2H23.
- The press release notes both activity and new business fell for a second successive month, although at a slower pace of decline and with new work only falling marginally.
- Price components offered one of the least dovish components: "Wage costs nonetheless remained a key factor behind another steep increase in overall operating expenses in July. With fuel also reported to have risen in cost, overall input prices rose in July at a steep and accelerated rate, though to a level that remained lower than the average for the first half of the year.”
- “Firms sought to protect margins, wherever possible, by increasing their own charges to a greater degree than in June. Inflation however was low especially in the context of trends since the pandemic."
Source: S&P Global PMI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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